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    Hi...

    I have read the Channels.India Report for the first time. I need to understand & kow how to interprete the two parameters(in relation to each other) in the Tracker report viz :PRICE & MINOR KEY

    #32
    dmchheda
    Member
    Posted 1 year ago
     

    Deven the idea is understanding and trading (investing) the trend. How do we know that the trend is in place? Prices trend and correct against the trend. The trend is in place till the time the correction does not become deep and bigger than the last leg of the trend. The formation moves some thing like a trend (up), correction (down), trend (up), correction (down) and so on. Minor keys are levels which mark the levels for a correction, which are kind of inflexion points. Till the time prices remain above the minor key, the trend remains positive for an uptrended scenario and vice versa. It's a kind of level to watch suggesting whether the ongoing trend is in place or getting over. We will post some illustrative examples tomorrow.

    #34
    Anna
    Member
    Posted 1 year ago
     

    Dear Anna,

    Thanks for the explanation. I am wating for the illustrative examples...Have Good Day ahead

    #35
    dmchheda
    Member
    Posted 1 year ago
     

    You can see the illustrative example at the following link:

    http://updates.orpheus.asia/article/2052

    Please let us know if you have further questions or observations.

    #37
    Anna
    Member
    Posted 1 year ago
     

    Dear Anna,

    I have gone through the link given below & have the following quires:

    1. Does minor key suggest "trend reversal"?
    2. Is Minor Key a confirmation signal in itsef for change in the trend or do we need to look at some signals also.?

    Regards,

    Deven

    #39
    dmchheda
    Member
    Posted 1 year ago
     

    The illustrated chart is only for an uptrend. You are right, the minor key in this case is the point for reversal, if it breaks. Reasons can never be enough. But to simplify the thinking process we just look at good minor keys. A good minor key can be the essence of many reasons.

    #43
    Anna
    Member
    Posted 1 year ago
     

    Dear Anna,

    Thanks for the reply. With reference to the reply of Minor key, I have not asked about the reasons for breaking of Minor Key.

    My Second quections is that, IS THE MINOR KEY only parameter I should look at for confirming that the trends has reversed or are there other parameters which also i need to consider before arriving at the decesion that the trend has indeed reversed...?

    Regards,

    Deven Chheda

    #47
    dmchheda
    Member
    Posted 1 year ago
     

    Date: 16/07/09

    Dear Anna,

    Awating your feedback on the quection I posted yesterday.....

    #50
    dmchheda
    Member
    Posted 1 year ago
     

    We are only talking about an uptrend that is correcting down in red legs. The explanation below will change if we are looking at a downtrend (black legs down) and red (correction counter trend) pointing higher.

    Minor key is used by us to decide on one of the four RECOMMENDATIONS. Is the minor trend (less than 3 weeks) still UP or is it UP BUT TOPPING, is it DOWN or DOWN BUT BOTTOMING. So along with the MINOR KEY one needs to observe the continuity of recommendations and current recommendation.

    Even MINOR KEY is a dynamic level. For example the prices turn down by breaking a MINOR KEY. We put the recommendation as DOWN and put a new MINOR KEY. This process continues till one MINOR KEY does not break and holds.

    After a while if prices take support and start turning up, you will see that the recommendation is challenged. This is where the STRENGTHEN and WEAKEN levels come in. If a minor key breaks the STRENGTHEN levels keeps telling us that the DOWN recommendation is in place and strengthening. When MINOR level does not break, the WEAKEN levels tell us that the DOWN recommendation is being negated and it’s time for review of the recommendation as maybe the trend is reversing.

    http://updates.orpheus.asia/article/2052

    #51
    Anna
    Member
    Posted 1 year ago
     

    Thanks Anna for the clarification

    #52
    dmchheda
    Member
    Posted 1 year ago
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